Stock To Watch: LogMein, Inc. (NASDAQ:LOGM)


The leading market experts have placed a mean price target of $85.29 on LogMein, Inc. (NASDAQ:LOGM) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.57 a share for the upcoming quarter and $1.93 for the current fiscal.

Technical View

The technical analysis of LogMein, Inc. plainly substantiates that the 50-day moving average of LogMein, Inc. is $79.10, and stock is trading $9.11 points away or +11.52% from its 50-day moving average of $79.10. Further it is trading $26.26 or +42.38% away its 200-day moving average of $61.95. LogMein, Inc. (NASDAQ:LOGM) 52-week high is $88.99 and the 52-week low is $35.00.

This explains if the stock moves $-0.78, it will post a 52-week high. In event of +152.03% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of LogMein, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, LogMein, Inc. (NASDAQ:LOGM) ratio came in at 173.30.

The stock last ended the trading session at $88.21 and registered a market cap of $2.23B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. LogMein, Inc. (NASDAQ:LOGM) PEG ratio is at 2.33.

1 Chart Pattern Every Investor Should Know

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